As previously discussed, BTC successfully holding $50k is a good sign, and the lil pull-back today is likely the dip we want to buy. 1. Double Ichimoku signals a clearly bullish trend: price above Kumo, Tenkan above Kijun, lagging span above price-line. 2. Price is testing the red resistance zone and still looks good so far. If we dont face any strong rejection...
BTC price has moved in the opposite direction that I expected in the last post. I felt like I am unsynced with the market recently and unable to anticipate the market direction. Hence, currently, I focus more on real-life stuff and on building a trading algo to exclude the emotional factor. Then BTC price "unexpectedly" plummeted from $58k to ~$51k, similarly to...
Finally, BTC has made another all-time high, which is also another higher high in the High-timeframe (HFT) structure. The price action today is quite important since it has made some crucial changes in the market structure that are worth pointing out : 1. Price has passed the previous high at ~$58k -> new higher high -> $43k is now officially confirmed as the...
BTC price is approaching the lower edge of the range. When people keep selling, someone has to buy. That's how the market works.
Hi guys, So, Bitcoin has had a green weekend and approached the $54k zone atm, which indicates a ~14% gain since the last long idea. In the last two weeks, we can see BTC touching and getting rejected at the $50k-52k zone and then successfully pumping through. Since we are hitting a considerable resistance zone at $54-56k right now, I anticipate that BTC is gonna...
Price pumps too fast -> people get bullish -> I don't like -> deleverage and reduce exposure here, look forward to the range on the chart. Thank you for reading and chill down homies.
At the moment, BTC price is at the exact level where it was in my last post on Saturday: $47.3k and we have experienced another lower low yesterday. So why I have flipped my sentiment overnight? 1. Price action has accurately followed my Blue scenario sofar (I wrote in my post on Feb-24). BTC dipped below $43.7k to f all the stop-losses and bounced back...
The current bearish vibe is still lingering around the crypto space. BTC is still making another lower low on the daily chart, and a potential bearish engulfing weekly candle is in the making. Although I am not trading solely on candle patterns, the fact that we have a giant red candle on the high time frame chart is kind of worrisome. Because of these, I am still...
I warned about a correction in ETH and pointed out support zones 2 weeks ago, so I hope it has served you well. Initially, I thought we had started to correct at around $1600s, but in fact, the price surged to $2000s and only corrected after that. That's why I always emphasize the "dont-short-the-market" thing. Today, ETH price has dropped from $2000 to $1365,...
Just as I warned earlier, BTC price has corrected 23% from the top of $58k and currently sitting at ~$50k. Thanks to the preparation, I didn't lose a dime but, instead, have gained another 10% (by knife-catching ETH, not by shorting). So, what do I expect next in terms of BTC movement? The current low of $44.9k might be the top and we could gradually grind up...
Even though I have got a good trade from $47k to $55k as published in the previous post, right now I still have the feeling of FOMO when BTC is at $57k right now. The overwhelming euphoria in this market is, indeed, making me nervous. Crypto-Fear-&-greed Index has been hitting 90s and even any idiot could easily make money right now. And at the time when people...
The chart tells it all: 1. Ichimoku is still signaling upside. 2. RSI is still strong. 3. Price has made higher high structure & seems likely are retesting the old resistance zone. Setup for Long idea: Entry price: ~$47.3k Stoploss/hedging: $43.8k Soft target: aiming $55k (and $61k next )
Ethereum's bullish momentum seems to be weakened on the daily chart, and I think it is aimed for a correction. The two major support areas are: 1. Yellow zone: $1318-$1400. If the price is still strong enough, I would expect it to test this zone and quickly rebound. 2. Green zone: $1450-$1222. If the price drop here, I think it will fluctuate and consolidate for a...
In a purely technical view, I think BCH has flipped bullish, or at least in a transition phrase to enter the bull's territory. Specifically, BCH has successfully broken above $500 zone (with good volume), which had been acting as a crucial resistance level since 2019. What I am seeing from the current price action is that BCH is retesting this level after...
Tezos has not performed as well as other alts recently. That said, its price is also fairly resilient as BTC is correcting right now. In fact, XTZ is currently at a very strong support zone: Weekly P pivot, Ichimoku cloud and Kijun line on 4H. I think it reasonable to jump in here with this long set-up: Entrance price: ~$2.13 Stoploss: $1.93 (below S1 weekly...
Price has been up 8.6% since I entered my long. Although BTC may pump very much higher, I decided to close my trade here. Dont want it to distract my happy moments for the new year. Plus, the market might be illiquid these days. I shall jump in a long IF there is a considerable flash crash.
The price of BTC has slowed down lately and almost completes forming a triangle. 1. The good thing about triangles is that they are more likely to indicate continuation than reversal (Schabacker R., 1932). 2. Ichimoku indicator on the 4H and the daily charts also remains the same setting: price above the cloud and Tenkan above Kijun, which means long only. The...
With a one-thousand candle, BTC has pumped through $20k as I mentioned last Sunday. Price has been up 13.8% (at $20.5k) since I entered at $18k. 1. Since we are making another higher high, the dip at $17.6k on Dec 11th has become a confirmed higher-low. Hence, it would make sense to move the stop-loss to right below this level. If this bullish trend keeps going...